4 ms·
The whole point of the "lump of labor fallacy" is that growing the workforce will increase both the supply and demand. This is why unemployment is comparable ac
by noego 8y ago
The whole point of the "lump of labor fallacy" is that growing the workforce will increase both the supply and demand. This is why unemployment is comparable across 1900 and 2000 America, despite the population exploding.
The answer isn't always somewhere in the middle. If someone tries to convince you that the Earth is flat or that climate change isn't happening, I would hope that you will lend more credence to the experts instead of believing the answer is somewhere in the middle.
- krapht 8y agoUtility is maximized for society as a whole when the workforce grows. However, my utility is not equal to society's. In fact, selfishly speaking, I would be better off if h1b was shut down, licensure roles introduced, etc etc.